Business
TIMA-RIV To Enforce Prohibition Of Trucks
The Rivers State Road Traffic Management Authority (TIMA-RIV) has said it will liaise with the Rivers State Ministry of Works to enforce the prohibition of heavy duty trucks from plying the roads during the day by the end of February this year.
The Comptroller-General, Rivers State Traffic Management Authority, Nelson Jaja, dropped the hint while briefing newsmen on the Authority’s 2011 agenda, in his office in Port Harcourt on Thursday.
According to him, there is an aspect of the road tradffic law that prohibits heavy duty trucks like trailers, lorries cement trucks, low-lift trucks, etc from using the road within certain hours in the day, but are only allowed to ply and operate within the hours of 9.00 p.m. in the evening to 6.00 a.m. in the morning.
He maintained that, “we are going to liaise with the Ministry of Works to ensure that we enforce the law”. We have asked those who have genuine reason why they should use and ply the roads in the day time to go to the Ministry of Transport to obtain waivers, because very soon we will start the enforcement of the prohibition law on heavy duty trucks”, he asserted.
He urged owners of those categories of trucks and their drivers to be aware of government intention in this regard as the days of grace elapse at the end of February.
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
Business
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